From proposal to position

The four rungs from proposal to holding.

Nothing in Quantreno trades itself. When a sleeve finds something worth doing, it drafts a proposal — the exact basket or single order, sized and priced, waiting on your desk. You place it, pass on it, or let a newer run supersede it. A proposal speaks for the moment it was drafted: after an hour it expires — placing is blocked, and one click regenerates a basket against current markets.

Approval turns the proposal into one or more orders — a single-instrument proposal sends one; a basket sends one per leg — each journaled verbatim along with the venue's response. An order isn't a holding yet: it can rest at the venue, fill in pieces, or be canceled.

A fill is the venue's report that some or all of an order executed at a specific price. Fills are the execution truth: one order can fill in several pieces, and the Activity journal records each one.

Fills build positions — each fill creates or changes the holding right then, attributed to the sleeve that opened it, carrying its own profit and loss; any unfilled remainder keeps working, cancels, or expires with the order.

The words on this page

Proposal: A specific trade suggested right now — a basket or a single order — for you to approve.; A basket a sleeve generates, or a single order the AI proposes, awaiting your decision — place it, pass on it, or (for baskets) let a newer run supersede it. Proposals expire after an hour — regenerate a basket, or redraft a single order in chat, for current pricing.
Order: An instruction sent to a venue to buy or sell.; One instruction to buy or sell an instrument, with its quantity and price terms — journaled verbatim along with the venue's response. Cancellation requests and reviews are journaled too, as their own entries.
Fill: One completed piece of an order, at a specific price.; One completed piece of an order at a specific price. A single order can fill in several pieces.
Position: Something you hold now (or a closed one), with its profit/loss.; One holding, open or closed, with its profit and loss — attributed to the sleeve that opened it.